Inflation in Finland
Finland - Harmonized Inflation
Inflation comes in at highest level since our records began
Consumer prices rose 0.72% in June over the previous month, a smaller increase than May's 1.31% increase. The cooling of price pressures was primarily due to a softer rise in prices for housing, water, electricity, gas and other fuels.
Inflation came in at 7.8% in June, which was up from May’s 7.0%. June's result was the highest inflation rate since our current records began in 1990. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.4% in June (May: 3.9%). Lastly, harmonized inflation rose to 8.1% in June, from the previous month's 7.1%.
FocusEconomics Consensus Forecast panelists see harmonized inflation averaging 5.0% in 2022, which is up 0.3 percentage points from the prior month’s projection, and 2.1% in 2023.
Finland - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||-0.2||0.4||0.8||1.2||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Finland Harmonized Inflation Chart
Source: Statistics Finland.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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July 15, 2022
Economic activity dropped 0.2% month on month in seasonally-adjusted terms in May (April: +0.5% mom).
July 14, 2022
Consumer prices rose 0.72% in June over the previous month, a smaller increase than May's 1.31% increase.
July 12, 2022
The current account recorded a EUR 1.6 billion deficit in May, improving from the EUR 2.3 billion deficit booked in April (May 2021: EUR 0.2 billion surplus).
June 14, 2022
Consumer prices increased 1.31% over the previous month in May, accelerating from the 0.32% rise logged in April.
May 17, 2022
Economic activity rose 5.4% year-on-year in working-day adjusted terms in March, which was above February's 3.6% increase.